Highest corporate tax rate in Malaysia (33%) compares to Hong Kong (16.5%), Singapore (17%), Brunei (18.5%), Thailand (20%), Vietnam (20%), Cambodia (20%), Taiwan (20%), Indonesia (22%), Philippines (25%), China (25%), South Korea (25%)

Highest corporate tax rate in Malaysia (33%) compares to Hong Kong (16.5%), Singapore (17%), Brunei (18.5%), Thailand (20%), Vietnam (20%), Cambodia (20%), Taiwan (20%), Indonesia (22%), Philippines (25%), China (25%), South Korea (25%)

Highest corporate tax rate in Malaysia (33%) compares to Hong Kong (16.5%), Singapore (17%), Brunei (18.5%), Thailand (20%), Vietnam (20%), Cambodia (20%), Taiwan (20%), Indonesia (22%), Philippines (25%), China (25%), South Korea (25%)

Next week Bursa will face inevitable selling down by local and foreign funds due to unexpected Makmur Tax 33% to companies making profits > RM100 millions

Highest corporate tax rate in Malaysia 33% compares to Singapore (17%), Thailand (20%), Vietnam (20%) and Indonesia (22%)

Highest corporate tax rate in Malaysia 33% compares to Singapore (17%), Thailand (20%), Vietnam (20%) and Indonesia (22%)

Highest corporate tax rate in Malaysia 33% compares to Singapore (17%), Thailand (20%), Vietnam (20%) and Indonesia (22%)

Makmur tax 33% replace windfall tax really negative news for glove companies

All glove companies from smallest Careplus to largest Top Glove will hv to pay 33% corporate tax starting next year as their annual profits sure exceed RM100 millions....Bad budget news for glove companies

All glove companies from smallest Careplus to largest Top Glove will hv to pay 33% corporate tax starting next year as their annual profits sure exceed RM100 millions....Bad budget news for glove companies

All glove companies from smallest Careplus to largest Top Glove will hv to pay 33% corporate tax starting next year as their annual profits sure exceed RM100 millions....Bad budget news for glove companies

Hartalega next week QR if below RM1 billion profit will cause further share price drop to previous low 5.40+

Coming QR profit should be around RM1 billion from RM2 billion last QR

Top Glove HK IPO to raise RM2.2 billions from issuance of 793.5 millions shares...Another selling down today

Dividend yield inaccurate to calculate by current price 1.90 very misleading since Supermax price drops from 6.80 (1st interim dividend) to 1.90 (final dividend)....I expect share price continues downtrend tomorrow

Supermax dividend payout is very much lower compares to Hartalega and Kossan which declared 60% of their most recent QR net profit as dividends...Very disappointed with Supermax management

Supermax final dividend only declared share dividend 1:30 equivalent to 6 sen only very disappointing for shareholders hoping for cash dividend at least 15-20 sen ....Looks like another heavy selling down tomorrow

Hartalega going down next support 5.50-5.60

Top Glove shares going down every day next support 2.50

Supermax and Kossan closing green unexpected

All glove stocks continuous downtrend and many retailers being trapped at high prices or cut loss really heart breaking

Supermax CBP ban effect still pushing share price down every day even though short selling less than 1% daily volume transactions

Hartalega QR should be this week but latest also 1st week November...Previous QR release 1st week August 2021

Hartalega QR will be released first this week and Supermax QR next month

Heavy selling nowadays mostly retailers and institutional funds as net short selling already drops from 80+ millions shares to 63+ millions shares as yesterday

Careplus just become penny stock today 95 sen joining Ruberex 58 sen...Comfort today price 1.18 is the next target to become penny stock

Already break stong support 1.90 next support 1.80

Hartalega coming QR profit will drop 50% from previous QR similar to Kossan....Stull very weak sentiment for all glove stocks

Price drop 30 sen most probably CBP ban coming soon from USA

Supermax to seek renewal of share buy back during its forthcoming AGM in early December another 6 weeks time.... Selling pressure looks too strong for any rebound until US CBP ban resolved and much steeper fall in ASP to export it's gloves to other countries ex-USA

Supermax next week trading still negative sentiment due to CBP ban....If breaks RM2 next support will be around RM1.80...JP Morgan coming TP downgrade is another bad news coming

Yesterday Supermax total volume transactions 78 millions but short selling yesterday only 1.5 millions just 1.9% of yesterday total transactions....Huge selling by retailers and institutional funds not short sellers IBs

Supermax share buy back will support the price from much further falling

Too many negative news for Supermax and share price will continue downtrend under selling pressure by retailers and institutional funds

US CBP ban will cause UK and Europe to investigate Supermax forced labour

KUALA LUMPUR (Oct 21): Disposable gloves produced by Supermax Corporation Bhd units Maxter Glove Manufacturing Sdn Bhd, Maxwell Glove Manufacturing Bhd, and Supermax Glove Manufacturing will be detained at at all U.S. ports of entry effective Thursday (Oct 21).

In a statement Wednesday, U.S. Customs and Border Protection (CBP) issued a Withhold Release Order (WRO) against Supermax Corp and its subsidiaries based on information that reasonably alleged their use of forced labor in manufacturing operations.

CBP said it identified 10 of the International Labour Organization’s indicators of forced labor during its investigation.

CBP Acting Commissioner Troy Miller said the Withhold Release Order will help protect vulnerable workers.

“CBP is a global leader in forced labor enforcement, and we will continue to exclude products made by modern slavery from entering into the United States.”

Federal statute 19 U.S.C. 1307 prohibits the importation of merchandise produced, wholly or in part, by convict labor, forced labor, and/or indentured labor, including forced or indentured child labor.

CBP detains shipments of goods suspected of being imported in violation of this statute.

Importers of detained shipments have the opportunity to export their shipments or demonstrate that the merchandise was not produced with forced labor.

Meanwhile, CBP Office of Trade Executive Assistant Commissioner AnnMarie R. Highsmith said with 10 of the 11 forced labor indicators identified during the course of investigation, CBP has ample evidence to conclude that Supermax Corp and its subsidiaries produce gloves in violation of U.S. trade law.

“Until Supermax and its subsidiaries can prove their manufacturing processes are free of forced labor, their goods are not welcome here,” she said.

Supermax joins a list of other Malaysian companies to be have been banned by CBP.

Comfort falls back below 1.20 and will test previous low 1.15/1.16/1.17

All glove stocks red sea including Kossan back to 2.20+

Hartalega still staying strong above RM6

ASP drop and CBP ban will cause Supermax next 3-4 quarters QR very badly impacted

Gap down today Supermax and short sellers will take this CBP ban to target Supermax...RM2 strong support will be tested soon

Short selling not targeting Supermax since 2 weeks ago.....Next week very busy week Kossan and Hartalega QR announcement and Budget 2022

Mercator Medical P/E ratio less than 1 (0.97) after 3 days consecutive big drop 33% after 3rd QR net profit drops 68% and profit margin 10% only

Kossan QR will be the first to release this month followed by Hartalega QR

Kossan QR will announce next week followed by Hartalega QR

Latest Mercator Medical 3rd QR result compares to 2nd QR result:
Revenue : Decrease 32%
Net Profit : Decrease 68%
Profit Margin : 10%
Share price today : Decrease 23.47%

Latest Mercator Medical 3rd QR result compares to 2nd QR result:
Revenue : Decrease 32%
Net Profit : Decrease 68%
Profit Margin : 10%
Share price today : Decrease 23.47%

Latest Mercator Medical 3rd QR result compares to 2nd QR result:
Revenue : Decrease 32%
Net Profit : Decrease 68%
Profit Margin : 10%
Share price today : Decrease 23.47%

Latest Mercator Medical 3rd QR result compares to 2nd QR result:
Revenue : Decrease 32%
Net Profit : Decrease 68%
Profit Margin : 10%
Share price today : Decrease 23.47%

Latest Mercator Medical 3rd QR result compares to 2nd QR result:
Revenue : Decrease 32%
Profit : Decrease 68%
Share price falls > 23% today